In the Tokyo foreign exchange market on the 13th, the yen depreciated against the dollar by more than 1 yen at one point due to a sense of caution that the US interest rate hike would be prolonged and the economy would slow down.
In the Tokyo foreign exchange market on the 13th, there is a view that the US consumer price index, which will be announced on the night of the 13th Japan time, will exceed market expectations, and the FRB = Federal Reserve Board will continue to raise interest rates for a long time. sense of caution spread.
As a result, there was a growing movement to sell the yen, which has a low interest rate, and buy the dollar, which is expected to have a higher yield.
The yen exchange rate as of 5:00 pm was 137.40 to 43 sen to the dollar, a 72 sen depreciation to the dollar compared to the 12th.
Against the euro, the exchange rate fell by 1.12 yen to 144.99 yen to 145.3 yen against the euro compared to the 12th.
The euro was 1 euro = 1.0551 to 52 dollars against the dollar.
A market insider said, "There is a view that the peak of inflation in the United States has passed, but there is still a strong sense of caution. In response to the consumer price index that will be announced tonight, the Fed will predict the pace of future interest rate hikes and the goal of interest rates. Attention is focused on how to judge."